Nov 15, 2012 4:30am PST
. >>> president barack obama is going to new york city today to see the devastation from superstorm sandy. the president will tour the city's hardest hit borough, staten island. the president toured new jersey shortly after sandy hit. but mayor michael bloomberg asked the president to stay away from new york. he said then that the president's visit would take up too many resources. >>> president obama says he is willing to work with republicans on capitol hill to stop automatic budget cuts and tax hikes from kicking in at the end of the year. investors are looking for progress on a deal to stop the u.s. from falling off the so- called "fiscal cliff." also today, traders will get a look at new unemployment numbers from washington. >>> here's a shocker. california may soon have a budget surplus. the legislative budget analyst says the deficit will be about $1.9 billion this fiscal year and we could see a surplus by the year 2014. it was just a few months ago we were talking about a $16 billion deficit. >> we have to pay down our debt, borrowed from the schools, from the redevelopment fund.